NZDUSD is pushing back to downside after RBNZ rate hike could not keep upside run going

Overnight, the Reserve Bank of New Zealand raised its Official Cash Rate by 25 basis points to 2.50%, delivering its first rate hike in three years. The Monetary Policy Committee judged that monetary policy remained accommodative and signaled that further rate increases are likely, although the pace and timing will depend on incoming inflation and economic…

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